An online auto auction site is a great opportunity for you to shop from the comfort of your home while looking at used, like new, and salvage, cars, trucks, and SUVs. As the demand for cars grows in Ghana, many people are looking for other platforms to buy their desired car without having to go through the hassle of car dealers and price negotiations. Truth is, an online auto auction platform is a great way to own your next car at surprisingly affordable prices.
Table of Contents
Types Of Car Auctions
Broadly speaking, there are two major types of car auctions you can partake in Ghana. These are;
Have 1 million naira and above to Buy or Sell Cars In Nigeria?Check carlots.ng RIght Now RIght Now
- Auctions open to the public
- Auctions are open to dealers only
Auctions open to the public don’t have many restrictions and regulations involved. All you need to do is register with the auction site and pay any necessary due. However, auctions opened to dealers are exclusive to car dealers. To register and bid at these auctions, you need a dealer’s license, hence, it is closed to the public.
Advantages of buying a car from an online auction
It is extremely convenient
Right from the comfort of your home, you can have a look at thousands of cars, bid and finally purchase the car you want. Time equals money, and this means that the more time you spend trying to find yourself a car in person, the more money you lose as you do so.
Cars bought at online auctions are extremely cheap
If you have been looking for an affordable car to buy, cars sold at car auctions are worth considering. What many people don’t know is that most car dealers sell cars they bought at cheap prices from auction sites. Why not, just buy it directly and save for yourself thousands of dollars or Ghana Cedis.
You have a wide range of cars to choose from
Quite often, there are hundreds to thousands of cars of different models and body types available to buy ok auction sites.
Risk Involved In Buying Auction Cars In Ghana
Fake auction sites:
As technology advances, fraudulent practices have seemed to evolve with it. All that glitters is not gold is a warning you need to keep in mind when you seek to buy your car from online auction sites. Do thorough research, read reviews, and ask people knowledgeable about cars, and auctions around you; before paying any money to bid or buy your car from auction sites
Delay in payment processing
Since auction sites are online, the payment process happens via online channels. It’s possible you experience challenges when paying for a car bid you won. Ensure you have good internet and a functional credit card when you want to make car purchases on auction sites.
Car misrepresentation
A challenge with online auction car purchases is getting a ‘wrong’ car delivered to you. On auction sites, you don’t get to see and touch the car paid for. There is the risk of the car one way on the auction site and looking another way (which is bad in most cases) when it gets delivered to you. A rule of thumb to not fall victim to this is to ensure the credibility of the auction site you are making your purchase. Also, don’t be in a hurry to bid or purchase a car if you have not read its details and full review.
Also read:
- How To Buy Cars On Loan In Ghana: Quick Approval Tips
- Car Rental In Ghana: All You Need To Know About Hiring Cars In Ghana
- Lagos To Ghana By Road: Latest Bus Prices in And Travel Tips
- 10 most popular cars in Ghana
How To Buy Auction Cars In Ghana
The steps to buying auction cars in Ghana are quite straightforward. The challenge comes in making the best choice of car to bid from. These steps provide a general guideline on how to buy auction cars in Ghana:
- Select a suitable auction site such as mauctionexport.com; Copart
- The next step is to register. The registration process usually involves you completing the registration form, uploading a valid means of identification, and validating your account.
- The next step is membership. Some auction sites like Copart offer free membership (guest membership) to users. Immediately, you register your account, you become a member but you can’t bid or buy. However, you can check through investors and keep an eye on available cars.
- To bid or buy auction cars in Ghana, then you need to upgrade your membership or pay a deposit of the starting bid for a car. In most cases, the required deposit is 10% of the starting bid of the car.
- The next step is to start bidding. When bidding, make sure you pay attention to the description of the cars. Take note of the auctioneer’s review and export restrictions on a car to avoid paying for a car you can’t use in Ghana.
- If you are lucky to be the highest bidder on a car, congratulations! The car is all yours to own. You will be required to pay the full payment for the car as soon as possible; usually within 3 working days.
- After you have made payment for the car, you will also be required to pay auction fees and other relevant taxes.
- Make preparations to ship your vehicle. Explore shipping options and immediately contact your shipping provider once you have won and made the purchase for the car.
Where To Buy Auction Cars In Ghana
- Copart Ghana >>> https://www.copart.com/content/us/en/landing-page/ghana
- Auction export >>> https://www.auctionexport.com/ghana/index.html
- Autos Ghana >> > http://autosghana.com/auction-cars/
- Auto Auction Mall >>> https://www.autoauctionmall.com/learning-center/introducing-auto-auction-mall-coparts-authorized-representative-in-ghana/
Have 1 million naira and above to Buy or Sell Cars In Nigeria? Check carlots.ng
All rights reserved. Reproduction, publication, broadcasting, rewriting, or redistribution of this material and other digital content on carmart.ng is strictly prohibited without prior express written permission from Carmart Nigeria - Contact: support@carmart.ng
